Southern Petrochemicals (India) Market Value
| SPIC Stock | 77.74 1.51 1.91% |
| Symbol | Southern |
Southern Petrochemicals 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Southern Petrochemicals' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Southern Petrochemicals.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Southern Petrochemicals on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Southern Petrochemicals Industries or generate 0.0% return on investment in Southern Petrochemicals over 30 days. Southern Petrochemicals is related to or competes with NMDC, Steel Authority, Embassy Office, Gujarat Narmada, Gujarat Alkalies, Indian Metals, and JTL Industries. Southern Petrochemicals is entity of India More
Southern Petrochemicals Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Southern Petrochemicals' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Southern Petrochemicals Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 3.44 |
Southern Petrochemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southern Petrochemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southern Petrochemicals' standard deviation. In reality, there are many statistical measures that can use Southern Petrochemicals historical prices to predict the future Southern Petrochemicals' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.21) |
Southern Petrochemicals Backtested Returns
Southern Petrochemicals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0492, which indicates the firm had a -0.0492% return per unit of risk over the last 3 months. Southern Petrochemicals Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Southern Petrochemicals' Variance of 4.19, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,326) to confirm the risk estimate we provide. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Southern Petrochemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Southern Petrochemicals is expected to be smaller as well. At this point, Southern Petrochemicals has a negative expected return of -0.0991%. Please make sure to validate Southern Petrochemicals' kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Southern Petrochemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Southern Petrochemicals Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Southern Petrochemicals time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Southern Petrochemicals price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Southern Petrochemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
Southern Petrochemicals lagged returns against current returns
Autocorrelation, which is Southern Petrochemicals stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Southern Petrochemicals' stock expected returns. We can calculate the autocorrelation of Southern Petrochemicals returns to help us make a trade decision. For example, suppose you find that Southern Petrochemicals has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Southern Petrochemicals regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Southern Petrochemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southern Petrochemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southern Petrochemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Southern Petrochemicals Lagged Returns
When evaluating Southern Petrochemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southern Petrochemicals stock have on its future price. Southern Petrochemicals autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Southern Petrochemicals autocorrelation shows the relationship between Southern Petrochemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Southern Petrochemicals Industries.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Southern Stock Analysis
When running Southern Petrochemicals' price analysis, check to measure Southern Petrochemicals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Southern Petrochemicals is operating at the current time. Most of Southern Petrochemicals' value examination focuses on studying past and present price action to predict the probability of Southern Petrochemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Petrochemicals' price. Additionally, you may evaluate how the addition of Southern Petrochemicals to your portfolios can decrease your overall portfolio volatility.